Community Coin


What is Snark Health Community Coin?

Snark Health Community Coin is intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by Snark Health. The belief that patients should not go bankrupt or die prematurely because of lack of access to affordable care. The Snark Health Community Coin is not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. Patients are going broke and dying prematurely due to lack of access to affordable healthcare. Doctors are quitting medicine or committing suicide at alarming rates. We are on a mission to improve access and lower costs for patients, while also protecting the sanctity of the doctor-patient relationship. We are re-inventing how patients pay for healthcare. Patients can access a doctor at a cost of $0. Our revolutionary checking account uses data to pay for care today, while our novel health savings vehicle Hippocratic Coin® funds care in the future. For people outside of Kenya, click here for details


Claim your Snark Health Community Coins

  • Step 1: Download the Snark Health android app Patient App: Sign Up Doctor App: Sign Up
  • Step 2: Set up a free wallet https://phantom.com
  • Step 3: Share your unique code from the Snark Health app (found under your profile) along with your wallet address by sending to hello@snarkhealth.com

    • Snark Health Community Coin Tokenomics

    10% of the total supply has been distributed to the Snark Health Treasury for patients and doctors. Another 10% of the total supply has been distributed to the Community Fund. The remaining 80% of the total supply is available to the public.

    Distribution of Snark Health Treasury (10%):

  • Patients 2%
  • Doctors 2%
  • Employees & partners 2%
  • Founders 3%
  • Advisors 1%

    • Snark Health Community Fund (10%)

    10% of the supply is allocated to the Community Fund to support the ecosystem. The Snark Health Treasury will distribute the Snark Health Community Coin to the following funds:

  • Patient Fund
    • >> 5,000,000 SNARK distributed per year for the first four years
  • Doctor Fund
    • >> 5,000,000 SNARK distributed per year for the first four years
  • Employees & Partners Fund
    • >> 5,000,000 SNARK distributed per year for the first four years
  • Advisors Fund
    • >> 2,500,000 SNARK distributed per year for the first four years
  • Founder Fund
    • >> 7,500,000 SNARK distributed per year for the first four years
  • Community Fund
    • >> 10,000,000 SNARK distributed per year for the first ten years
  • Patients and Doctors: no cliff, no vesting
  • Employees, Partners, Advisors: 6 month cliff, monthly vesting, duration varies
  • Founders: 6 month cliff, monthly vesting, 48 month duration

    • Token Locks: see the links below for details

  • Community Fund:
    • Community Fund - Learn More
  • Patient Fund:
    • Patient Fund - Learn More
  • Doctor Fund:
    • Doctor Fund - Learn More
  • Partners & Employees:
    • Partners and Employees - Learn More
  • Advisors:
    • Advisors - Learn More
  • Founders:
    • Founders - Learn More

    What is a Token Lock?

    A Token Lock involves sending tokens to a smart contract, making them inaccessible for trading or withdrawal until the set time period expires. This feature is commonly used for locking liquidity pool (LP) tokens to ensure community trust and prevent sudden fund withdrawals by the project team. Token Locks require users to send tokens to a smart contract, where the tokens become inaccessible for trading or withdrawal. The tokens are held within the contract until the time period set by the token sender is fulfilled, at which point they are released. Token Locks are most often used to lock liquidity pool (LP) tokens —from your project's liquidity allocation— for a fixed amount of time. Liquidity Pool (LP) Tokens are a type of receipt token representing ownership of a portion of liquidity within a decentralized exchange’s (DEXs) liquidity pool.

    Utility:

    Accessing exclusive content and communities, access to decentralized apps, functioning as a medium of exchange for goods and services, and staking.

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